Press Releases

FAIRFIELD, Iowa, December 7, 2006 - Managed futures funds traded by the largest CTAs jumped 2.00% in November, as measured by the Barclay BTOP50 Index.

"Mid-month rallies in the energy and soy bean markets gave traders some extra profit opportunities, adding momentum to a month that was already in positive territory," says Sol Waksman, founder and president of The Barclay Group.

This is the second month in a row that large traders have outperformed smaller CTAs. The BTOP50 is now up 4.26% in 2006.

Overall, managed futures gained 1.75% in November according to flash estimates for the Barclay CTA Index. The Index is up 3.09% for the year.

"A month-long decline in US interest rates drove bond prices higher in November," says Waksman. "However, the drop in interest rates may have also added fuel to the US dollar's decline, as the USD lost ground against the major currencies. Both of these trends were profitable for many CTAs."